Andronico's Files Bankruptcy

SAN FRANCISCO — Andronico's Community Markets here said last week it hopes to emerge from Chapter 11 bankruptcy within 60 days with a new owner in place and the ability to keep its stores fully stocked.
The seven-store chain filed for Chapter 11 protection and is seeking debtor-in-possession financing that would allow it to sell the company to a private investment group that would keep the stores in operation.
The filing is a prepackaged bankruptcy intended to effect the sale of the ...

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